As labor struggle takes center stage, can DAOs democratize work?

Web3 has given rise to a number of innovative business models. In particular, decentralized autonomous organizations Natalie Salemink, CEO and founder of Prismatic — a tooling and treasury management platform for DAOs — told Cointelegraph thatthat utilize smart contracts to facilitate coordination and governance in pursuit of a common goal.

“We are solving a societal issue, which is how to give workers true ownership over their work. I believe that a DAO structure could help ensure this. I know that worker cooperatives and labor unions currently exist, but I believe that DAOs could serve as a happy medium.” “We are starting off by tracking every purchase made using Google Sheets. We know this is centralized, but we are going to be very public about each transaction. We are also providing a simulated distribution of our coffee tokens to everyone who makes a purchase at our upcoming pop-up. The coffee tokens serve as a piece of ownership into the DAO.”

“Traditionally, corporations are a hierarchy built from the top down, but now we are seeing workers push back and form unions or join existing unions to counterbalance that power imbalance. But, we believe there is another option that no one is talking about yet, and we are trying to carve that out slowly through TheCaféDAO.”Although it’s unclear if TheCaféDAO will be successful, the concept certainly does have potential.

, co-founder and chairman of Animoca Brands — a Hong Kong-based gaming and venture capital company — told Cointelegraph that most for-profit companies view customers as a resource from which value must be extracted.

Rachelwolf00 XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

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